Honest Online Tools

Options Strategy Builder

Build spreads, straddles, iron condors or any multi-leg position and see its payoff today and at expiration, with max profit, max loss and breakevens.

Net cost (debit)
$193
Max profit
$307
Max loss
−$193
Breakeven
$101.93
At expirationToday (30d left)
−$200$0$200$95$100$105$110
Show as a table
UnderlyingP/L todayP/L at expiry
$94.00−$114−$193
$100.00−$0−$193
$101.93$43$0
$105.00$110$307
$111.00$215$307

“Today” reprices every option with Black-Scholes at your IV; “at expiration” is intrinsic value only. Enter your real fill prices as premiums for an accurate P/L. Assumes European exercise and no dividends. Educational tool, not financial advice.